View your shopping bag

Items: (0) £0.00
  • €
  • $
  • £


Trade continues to grow in G7 countries

Export volumes of merchandise trade were up 3.9% in the fourth quarter of 2009, whilst import volumes grew by 3.1%, according to new figures from the OECD. The biggest increases were in the US and Japan where export volumes rose by 6.4% and 6.1% respectively, and import volumes rose by 3.4% and 3.0% respectively.

However, when we compare these figures with the previous year, both export and import volumes in the G7 were down by 3.3% and 5.7% respectively. But, the latest figures for February show that growth in trade value is continuing, although both import and export values remain more than 20% below the levels they were at before the recent crisis unfolded.

Source: OECD

The G7 trade deficit continued to widen as there was a stronger recover in imports than in exports.

When the OECD area as a whole is examined, the value of trade in services also increased in the final quarter of 2009, with exports increasing by 6.1% on the previous quarter and imports rising by 4.3%. But, imports and exports of services rose less rapidly than imports and exports of goods.

Tags: , , , ,
Posted in International, OECD, World Trade

Comments are closed.